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76  Questions And Challenges / Challenges To Anarcho-Capitalism / Re: Surrounded by Moat on: September 13, 2013, 05:16:11 AM
By the way, stories like these seem to be quite common in China.  They call them "nail houses" there:

http://www.theatlantic.com/infocus/2012/11/the-house-in-the-middle-of-the-street/100411/

http://ireport.cnn.com/docs/DOC-21393
77  Questions And Challenges / Challenges To Anarcho-Capitalism / Re: Surrounded by Moat on: September 13, 2013, 05:03:24 AM
To me this story shows that an average person has more property rights in China than in the US.  Can any of you imagine such a thing happening in the US?  I can't.  That elderly man would have been forced off his property by eminent domain laws long ago if he lived in the states.
78  General Category / General Discussion / Re: A bitcoin basher on: August 31, 2013, 01:52:12 AM
Hello MAM,

I just finished reading "Reconciling the Regression Theorem with Bitcoin."  I think it is well written and I agree with all the main points.  Another point that can be made in defense of bitcoin is to address the claim that bitcoin has no intrinsic value.  I think there is intrinsic value in a software program that can keep track of accounting transactions in a decentralized manner.  People pay money to have their accounts and information secured by 3rd parties all the time.  So to have a way to transmit value and record transactions in a secure manner without going through a central authority is very valuable.

Religious folk like to present their creation myth as competing "theories" to science. I don't think that makes it a theory.

I'm not sure what this has to do with the Regression Theorem but maybe this has more relevance:
"Some folk like to present their definition of the word theorem as competing "definitions" to the dictionary.  I don't think that makes it a definition."

Of course I'm just joking around friend.  But really do think that Mises' Regression Theorem is not an "idea proposed as a demonstrable truth?"

Again read these definitions and explain to me why the Regression Theorem is not a theorem:
1
: a formula, proposition, or statement in mathematics or logic deduced or to be deduced from other formulas or propositions
2
: an idea accepted or proposed as a demonstrable truth often as a part of a general theory : proposition <the theorem that the best defense is offense>

The dictionary says that the phrase "the best defense is offense" is an example of a theorem.  Are you still going to say that Mises' Regression Theorem is not?
79  General Category / General Discussion / Re: Murray Rothbard: Corporations are free market on: August 31, 2013, 01:08:41 AM
Tis true. I'm curious would you invest in a limited liability corporation?

Assuming a non distorted market of course.

I would invest in a LLC.  However, I think I would be more hesitant to lend money to a LLC.  What about you?
80  General Category / General Discussion / Re: Murray Rothbard: Corporations are free market on: August 31, 2013, 12:58:51 AM
If people agree to it then it can be a thing I'm just not sure that it will be a thing. You know? I don't think it would be as common as it is today.

I see what you mean.  The whole concept of Limited Liability may completely vanish in a free market.  Lenders might think that is too risky to agree to such terms and the practice may disappear completely.  Unfortunately we will never know as long as there is a violent monopoly forcing such practices on the marketplace.
81  General Category / General Discussion / Re: A bitcoin basher on: August 31, 2013, 12:54:00 AM
I'm not even sure that Mises' "theorem" is an "accepted" or "demonstrable" truth.

Hello MAM

You are right that his theorem is not "accepted."  However, it is "proposed" as demonstrable by Mises.  That doesn't mean it is true, but it does mean that it is a theorem.  You can propose that it is wrong and then give propositions, statements and reasons why it is wrong.  Or you can show that his propositions supporting the theorem are incorrect.  Just claiming that it is not a theorem is not a good way to address his ideas in my opinion.
82  General Category / General Discussion / Re: Murray Rothbard: Corporations are free market on: August 31, 2013, 12:35:56 AM
I tend to agree with Seth and Agrarian here.  It seems to me that in a anarchist society Limited Liability would only exist in the following situation:  "If a corporation took out a loan and the creditor agreed by contract that individual stock holders could not be held responsible to pay back the loan if the corporation went bankrupt."  Limited Liability would only apply to those who specifically agreed to it by contract.

What you guys think?
83  General Category / General Discussion / Re: A bitcoin basher on: August 31, 2013, 12:22:44 AM
It seems ridiculous to me to call Mises' regression reasoning a theorem. Theorem implies rigorous mathematical proof, and considering Mises' rejected mathematics as valid methodology for economics and created praxeology instead I think it's clear that said "theorem" has no backing in mathematics. It's a line of reasoning and pretty good for what it is, but it's no where near being a theorem.

Hello MAM,

Merriam-Webster defines "theorem" as "1) a formula, proposition, or statement in mathematics or logic deduced or to be deduced from other formulas or propositions." Or "2) an idea accepted or proposed as a demonstrable truth often as a part of a general theory."

To be fair to Mises I would think his Regression Theorem surely qualifies as a theorem based on these definitions.  Just because theorems are used in mathematics doesn't mean they are based on mathematical formulas, they can be deduced from logical propositions.  Deduction from logical propositions is the basis of most, if not all, of Mises' economics.  But I think people who are using the regression theorem as some sort of proof that bitcoin can't be money are wrong for the following reasons:
1) Mises' Regression Theorem was proposed as an explanation of the way that money could have developed in the past.  I don't think Mises was trying to say that money could never come into existence by any other method in the future.
2) Mises could have been wrong on this issue.  Though I agree with most of Mises' economic theories I wouldn't accept everything he wrote as infallible.

So whether people want to believe it or not, bitcoin IS a medium of exchange.  If you buy a pizza with it, you will get a real pizza, not a "virtual" one.
84  General Category / General Discussion / A bitcoin basher on: August 30, 2013, 10:33:44 PM
A man named Scott Cleland was recently interviewed on the Peter Schiff radio show.  Besides badmouthing Bradley Manning and Edward Snowden he also had some negative things to say about bitcoin.  Here is an article he wrote about bitcoin:

http://www.netcompetition.org/conflict-of-interest/the-bitcoinvirtual-currency-bubble-beware-of-the-alchemy-of-abundance-economics

He accuses bitcoin advocates of being “cyber-utopians” and compares bitcoin to a ponzi scheme.  He writes “The fatal flaw in this virtual currency bubble is that currency is just another open source app. Currency is no app. It’s legal tender. Legal tender is an organizing principle of commerce in all sovereign nations.”  And “Legal tender is required to settle debts and engage in legally enforceable contracts, two central functions essential to modern commerce.” And finally “It is important to note here that many free and open Internet cyber-utopians don’t want modern markets, trade and capitalism to work.”

I guess we should be thankful for legal tender laws for we wouldn’t be able to make any transactions or trade without the gov telling us what money is.  I’m sorry Mr. Cleland, you are the one who doesn’t want markets or trade to work.  People can figure out what commodities to use as money without social engineers like you dictating to us the terms of our own contracts.  After reading this article I came to the conclusion that Mr. Cleland doesn’t really understand what bitcoin is or how it works.  This doesn’t surprise me when it is coming from someone whose economic understanding of money can be summed up by the phrase “legal tender.”

After comparing bitcoin to various ponzi schemes he writes “In sum, these virtual currencies are very likely to end badly.”  It is laughable that someone who trusts in gov legal tender would accuse bitcoin of being a bubble currency.  The federal reserve has created every bubble that has occurred in my lifetime.  We will see what currencies will end badly.  Will free market money like gold and bitcoin end badly?  Or will legal tender like FRN’s that need to forced on the market by the power of a gun end badly?  I’ll go with free market money.
85  Questions And Challenges / Challenges To Anarcho-Capitalism / Re: Violence of capital on: August 25, 2013, 01:43:59 AM
As I have pointed out in both above examples, communism is what happens when workers, who already create all the value and useful things in society, who already support each other and cooperate for their own survival and enjoyment in the face of the violence of capitalism, throw off the middle man and continue doing what they were already doing, but do it for themselves and each other, without the capitalist leach absorbing the value of their work and only giving them enough to survive to work more. This isn't a theory, this is historic fact over and over.

Hello Assasin7,

If you start with a group of factory workers in the middle of a field or forest somewhere and have them "continue doing what they were already doing" they will produce nothing.  In a short time they will starve to death because they will produce neither goods nor food.  Without the tools, machines and raw materials provided by the capitalist they will produce nothing and quickly abandon such actions in search of basic necessities.  These are the facts when we consider the world we actually live in.
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